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Home >> Personal Banking >> Credit Schemes >> Loan Against Mortgage of Immovable Property

For Business & Personal needs:


-Employees of Central/ State Govt./Schools/Colleges/ Public Sector Undertakings 

(PSUs)/ Reputed Corporates and Other Income Tax Assesses, who are below the

age of 60 years.

-Business Enterprises-Existing customers with a satisfactory track record of three years

-Trust, Society, Schools & Educational Institutions

Income Criterion

For salaried and other income tax assesses:

Minimum net monthly salary of Rs.10,000/- for last three years

For Business Enterprises

Minimum Net annual income/ Net Profit of Rs.120000/- and above

Nature of facility
Term Loan / Overdraft on monthly reducing Drawing Power (DP) basis.   

Loan Amount

For Personal Needs: Minimum: Rs1.00 lac  Maximum: Rs5.00 lac   
For Business Needs: Minimum: Rs. 10.00 lac  Maximum: Rs200.00 lac

Rate of Interest
Rate of interest as per score obtained by the prospective borrower under PNB score

1. Loan amount together with interest to be repaid in maximum 84 Equated monthly instalments (EMI) OR upto the age of 65, whichever is earlier.

2. In case of facility sanctioned in shape of Overdraft facility allowed on Monthly Reducing Drawing Power basis, Drawing Power to be reduced every month on pro-rata basis.

Upfront Fee
0.90% of the loan amount (Maximum Rs. 45,000/-)


Documentation Fee
Rs. 900/- + Taxes
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